The price of JasmyCoin has risen in the last three days and reached a high of $0.04. However, the value of the token dropped to $0.034 as a huge amount of JASMY coin was transferred to Binance.
According to Spot on Chain, the DWF lab has deposited millions of JASMY tokens on exchanges over the past three days.
DWF Labs' cumulative deposits on Binance over the past three days have reached 97 million JASMA. It is a popular token worth around $3.3 million.
While the market maker still holds approximately 24 million JASMA worth $841,000, the price of the token has dropped each time the company has listed the tokens on the cryptocurrency exchange.
DWF Labs' liquidation of such a significant token package contrasts with the interest in memecoins. The company recently revealed its interest in adding meme coins to its portfolio.
